Financial News

NEW YORK -BlackRock is upgrading its position in developed market stocks and downgrading credit, saying it sees “greater clarity on the Ukraine conflict and reduced risk of central banks slamming …

By David Henry and Niket Nishant -Citigroup Inc’s total exposure to Russia amounts to nearly $10 billion, the bank said on Monday, higher than previously communicated, following questions over whether …

LONDON/COPENHAGEN -Container shipping company Ocean Network Express (ONE) on Monday suspended bookings to and from Russia while Maersk said it was considering doing the same in response to Western sanctions …

By Valentina Za MILAN – A ramping up of financial sanctions against Russia following its invasion of Ukraine has plunged European lenders into turmoil. The European arm of Sberbank, Russia’s …

By Foo Yun Chee and Kate Abnett BRUSSELS – The European Commission will propose that member countries tax the profits energy companies made from recent gas price spikes and invest …

LONDON – JPMorgan is set to remove Russia from the environmental, social and governance (ESG) versions of its emerging market bond indexes, while it continues to review the country’s ejection …

By Jacob Gronholt-Pedersen COPENHAGEN – Toymaker Lego has recommended that its staff in Russia not attend protests or get involved in any public discussion about the war in Ukraine, after …

– Canada’s Ontario province on Monday will introduce legislation to establish a minimum wage and other rights for gig economy workers such as drivers for ride-hailing companies, Premier Doug Ford …

– Estee Lauder Cos Inc said on Monday it has ousted senior executive John Demsey, less than a week after suspending him over an Instagram post that reportedly contained a …

LONDON – Havoc erupted on Russian financial markets on Monday after Western powers ramped up sanctions on the country, including cutting some of its banks off from the SWIFT international …

– Discovery Inc said on Monday it has selected veteran television producer Chris Licht as chairman and chief executive of CNN Global when Discovery completes its acquisition of WarnerMedia this …

By Elizabeth Culliford – Twitter is adding labels and reducing the visibility for tweets containing content from Russian state-affiliated media websites like RT and Sputnik, the social media company said …

By Simon Jessop, Karin Strohecker and Gwladys Fouche LONDON -The number of investors seeking to ditch their Russian holdings continued to grow on Monday following the country’s attack on Ukraine …

VILNIUS -Lithuania has asked Google and Apple to remove the app for the Yandex.taxi ride-hailing service, owned by Russia’s Yandex and Uber, the transport and economy ministers said on Monday. …

-The U.S. Federal Reserve could need to raise interest rates by a half percentage point at its next meeting on March 15 and 16 if economic data between now and …

By Nichola Saminather, Manya Saini and Niket Nishant -Toronto-Dominion Bank Group said on Monday it will buy First Horizon Corp for $13.4 billion in cash to expand its footprint in …

TOKYO -Toyota Motor Corp said it will suspend domestic factory operations on Tuesday, losing around 13,000 cars of output, after a supplier of plastic parts and electronic components was hit …

By Akash Sriram -Electric vehicle startup Lordstown Motors Corp said on Monday it plans to sell its first 500 Endurance electric pickup trucks this year even as expenses related to …

MOSCOW -Russia has closed its airspace to airlines from 36 countries, including all 27 members of the European Union, in response Ukraine-related sanctions targeting its aviation sector. Some of the …

MOSCOW – Russian President Vladimir Putin ordered a ban on foreign exchange loans and transfers by Russian residents to outside of Russia from March 1, the Kremlin said on Monday, …

LONDON -BP has cancelled all fuel oil loadings from the Russian Black Sea port of Taman due to Russia’s invasion of Ukraine, sources familiar with the matter said. BP was …

By Tom Sims, Alexandra Schwarz-Goerlich and Daria Sito-Sucic FRANKFURT/VIENNA/SARAJEVO -The European arm of Sberbank, Russia’s biggest lender, faces failure, the European Central Bank (ECB) warned on Monday, after a run …

MOSCOW – A Russian court on Monday rejected an appeal by Alphabet Inc’s Google and upheld a 7.2 billion rouble ($73.39 million) fine over its failure to delete content Russia …

By Simon Jessop and Ross Kerber LONDON/BOSTON – As investors and businesses increasingly pledge to cut their carbon emissions, scientists on Monday offered a fresh warning about the need to …

(This Feb 25 story corrects ownership of Mid Atlantic Offshore Wind LCC in paragraph 10.) By Valerie Volcovici WASHINGTON – The Biden administration’s sale of offshore wind development rights off …